Investors including the Massachusetts Clean Energy Center, Henry Ford III, and Jonathan Kraft back EQORE’s distributed energy storage solution for businesses, already installed in New England and California

BOSTON–(BUSINESS WIRE)–EQORE, a distributed battery storage company, today announced it has raised $1.7 million in oversubscribed seed funding. With this backing from the Massachusetts Clean Energy Center (MassCEC) and seasoned operators like Henry Ford III of Ford Motor Company and Jonathan Kraft of The Kraft Group, EQORE is helping the industrial building sector battle growing electricity costs.

“The system installed by EQORE at our New Hampshire facility has exceeded our expectations for performance and reporting. We are now looking at deploying additional systems at other facilities.”Share

The data center boom is adding unprecedented load to an aging grid already strained by electrification. Wholesale electricity prices near data center hubs have increased by 267% over five years. Battery storage can help stabilize costs, banking energy when demand is low and releasing it at peak. While utility-scale batteries provide this support at the grid level, they cannot address bottlenecks on local distribution networks. Putting storage on site at individual facilities closes that gap while also benefiting end users.

“What excites us the most about EQORE’s technology is the dual impact: grid support and customer savings,” said Susan Stewart, Head of Investments at MassCEC. “Commercial and industrial buildings are prime hosts for battery storage, yet they’ve been vastly overlooked. EQORE is closing that gap. We’re excited to see this Massachusetts-based company create local jobs and make a nationwide impact.”

EQORE investor Randolph Mann, a founder in large-scale energy storage, pointed to the company’s differentiation: “By uniting advanced controls with high‑resolution metering and true end‑to‑end service, EQORE finally makes commercial behind-the-meter storage effortless and financially compelling for businesses.”

EQORE’s strategic investors also include industry operators Andrew Slifka, Mitch Coddington, and the Betti family, led by Nicholas Betti; veteran entrepreneur Luke Merrow; and, via Pointe Angels, technology executives Kent Helfrich and Kristin Welch. The company is a graduate of the Sandbox and delta v programs at the Massachusetts Institute of Technology and a member of the Harvard Climate Circle incubator.

“We’re incredibly grateful to have the backing of leaders across energy, entrepreneurship, and manufacturing,” said Valeriia Tyshchenko, CEO and co‑founder of EQORE and a third-generation engineer from Ukraine. “This capital complements existing revenue, so it will go a long way in helping us scale.”

This round enables EQORE to expand its team and accelerate deployments at manufacturing facilities. Beyond installing battery storage, EQORE operates it: by shifting when power is used in response to market conditions and utility incentives, its autonomous software reshapes facility load profiles in real time. This improves the bottom line without altering operations. Aalberts Surface Technologies, a multinational corporation specializing in mission-critical heat and surface treatments, is seeing the benefits firsthand.

“The system installed by EQORE at our New Hampshire facility has exceeded our expectations for performance and reporting,” said Phil Hilger, Vice President of EHS at Aalberts Surface Technologies. “We are now looking at deploying additional systems at other facilities.”

About EQORE

EQORE is a distributed battery storage company helping large facilities control electricity costs and support a more reliable grid. Founded by MIT and Duke alumni, the company installs and operates battery systems that reshape facility load profiles in real time. Integrating advanced controls with an end‑to‑end service, EQORE delivers strong financial returns without altering customer operations. Backed by MassCEC and industry leaders such as Henry Ford III and Jonathan Kraft, EQORE is deployed in New England and California. For more information, visit eqore.net or follow EQORE on LinkedIn.

Contacts

Valeriia Tyshchenko
Co-Founder & CEO
valeriia@eqore.net
+1 (857) 320-5134

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